Notices
 Last Revised Date: 15 March 2023

Notice 636 Negotiable Certificates of Deposit

Requirements for banks on the issuance and safekeeping of negotiable certificates of deposit and bearer securities.

Issued pursuant to:

Banking Act (Cap. 19) section 55

Applies to: Full Bank (Locally Incorporated) , Full Bank (Branch) , Wholesale Bank (Branch) , Wholesale Bank (Locally Incorporated)
View Notice Notice 636 Negotiable Certificates of Deposit (142.2 KB)

This notice applies to all banks that issue, or act as an authorised depository for negotiable certificates of deposit (NCD) or bearer securities. It sets out requirements on issuance and safekeeping of NCDs and bearer securities.

Amendment Notes

25 May 2004
MAS Notice 636 (Amendment) 2004 takes effect.
01 Mar 2004
MAS Notice 636 dated 01 March 2014 takes effect.